Which of the Following Statements Is True

question 151

Multiple Choice

Which of the following statements is true?

• A) Expenses accounts have normal credit balances and decrease owner's capital.
• B) Expense accounts are increased with debits and have normal debit balances.
• C) Expenses increase owner's capital.
• D) Expenses and Owner's Drawings are negative factors in the computation of net income.

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Definitions:

Simple Conflict

A basic disagreement or clash between parties with differing opinions, interests, or goals, which is typically uncomplicated and resolvable through communication.

Ego Conflict

occurs when a disagreement or confrontation challenges an individual's sense of self-esteem or identity.

Ego Conflict

A type of conflict that arises when a disagreement becomes personal, leading to attacks on someone's character or self-esteem.

Temper Flares

A sudden outburst of anger or frustration.